BUS 161 CH. 22 Quiz
The Lanham Act protects against the deceptive use of trademarks but does not cover false advertising claims.
False
The quality and safety of food may be important to consumers, but food labels that provide standard nutrition facts are a seller's option, not a requirement.
False
A consumer may recover under a state consumer-fraud statute, even if he or she has not suffered actual damages proximately caused by a deceptive act.
False
An obviously exaggerated advertising claim will be considered deceptive even if a reasonable consumer would not believe it to be true.
False
Credit can be denied solely on the basis of whether a person receives certain forms of income.
False
A business that cannot provide scientific evidence to support its marketing claims may be held liable for deceptive advertising.
True
A deceptive ad for a product involving wrongful charges to consumers may result in an award of damages of a defendant's unjust gains and consumers' losses.
True
A false statement or unjustified claim about a competitor's products can result in liability for deceptive advertising.
True
Creditors that use information from credit-reporting agencies cannot be held liable for violations of the Fair Credit Reporting Act.
False
Federal law on menu labeling supplements but does not supersede previous state and local law on the same subject.
False
The Truth-in-Lending Act applies to a loan between two consumers because in that transaction, the lender is a person who in the ordinary course of business is extending credit.
False
Advertising will be deemed deceptive if it includes a claim that omits a material fact about a product.
True
An ad is more likely to be considered fair if its benefit to consumers or the competition outweighs any injury it might cause to the interests of consumers.
True
Health insurers must spend a certain percentage of premium dollars on benefits and quality improvements, or provide rebates to consumers.
True
Under the Fair Credit Reporting Act, a consumer can request the identity of anyone who has received a credit agency's report on the consumer.
True
